Associated British Foods plc Given Average Recommendation of “Hold” by Brokerages (LON:ABF)
Shares of Associated British Foods plc (LON:ABF) have earned a consensus rating of “Hold” from the twenty-three analysts that are covering the stock, American Banking & Market News reports. Three investment analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation and seven have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is GBX 2,621.58 ($44.50).
Shares of Associated British Foods plc (LON:ABF) traded up 0.20% on Friday, hitting GBX 3077.00. 308,493 shares of the company’s stock traded hands. Associated British Foods plc has a 52-week low of GBX 1657.00 and a 52-week high of GBX 3091.00. The stock’s 50-day moving average is GBX 3006. and its 200-day moving average is GBX 2773.85. The company’s market cap is £24.288 billion.
A number of analysts have recently weighed in on ABF shares. Analysts at Sanford C. Bernstein reiterated a “market perform” rating on shares of Associated British Foods plc in a research note on Monday. They now have a GBX 1,800 ($30.56) price target on the stock. Separately, analysts at Berenberg Bank raised their price target on shares of Associated British Foods plc from GBX 2,600 ($44.14) to GBX 3,060 ($51.94) in a research note on Monday, June 2nd. They now have a “hold” rating on the stock.
Associated British Foods plc (LON:ABF) is a holding company.
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